MainStreet Bancshares, Inc. (NASDAQ:MNSB) Sees Large Decrease in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSB) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 25,100 shares, a decline of 87.5% from the June 30th total of 201,500 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 39,400 shares, the days-to-cover ratio is currently 0.6 days.

MainStreet Bancshares Stock Performance

Shares of MNSB traded up $0.11 during mid-day trading on Friday, hitting $18.18. The stock had a trading volume of 10,322 shares, compared to its average volume of 60,857. The firm has a market cap of $138.35 million, a P/E ratio of 7.02 and a beta of 0.57. The business has a fifty day moving average price of $17.13 and a 200-day moving average price of $17.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. MainStreet Bancshares has a 52 week low of $14.97 and a 52 week high of $25.97.

Institutional Trading of MainStreet Bancshares

Hedge funds have recently made changes to their positions in the company. AJOVista LLC bought a new stake in shares of MainStreet Bancshares in the fourth quarter valued at $55,000. Provident Wealth Management LLC raised its stake in shares of MainStreet Bancshares by 18.4% during the 1st quarter. Provident Wealth Management LLC now owns 14,554 shares of the company’s stock valued at $264,000 after purchasing an additional 2,260 shares during the period. Quadrature Capital Ltd bought a new stake in shares of MainStreet Bancshares during the 1st quarter valued at $362,000. BNP Paribas Financial Markets raised its stake in shares of MainStreet Bancshares by 748.2% during the 1st quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock valued at $378,000 after purchasing an additional 18,377 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of MainStreet Bancshares by 8.0% during the 1st quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock valued at $669,000 after purchasing an additional 2,734 shares during the period. 52.29% of the stock is currently owned by institutional investors.

About MainStreet Bancshares

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.